Month: July 2023

Kyle Davies to donate future OPNX earnings to 3AC creditors for ‘karma’

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The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse. In a July 3 Twitter Space, 3AC co-founder Kyle Davies said it would be “good karma” to “donate” the potential earnings from Open Exchange (OPNX) to 3AC’s creditors. https://t.co/BLA0u9ZoAJ — Mario Nawfal (@MarioNawfal) July 3, 2023 Davies described the proposed payback scheme as a “shadow recovery process,” which would be independent of the official liquidation process…

Crypto Exchange Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks for Bankrupt Genesis

CryptoX – Cryptocurrency Analysis and News Portal Cameron Winklevoss, co-founder of the Gemini crypto exchange, tweeted what he described as a “final offer” in the debt-restructuring talks over the bankrupt digital-asset firm Genesis, bringing months of negotiations and mediation to a head with a plan for $1.5 billion in forbearance payments and fresh loans. Original Source The post Crypto Exchange Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks for Bankrupt Genesis appeared first on CryptoX. CryptoX Portal

Bored Ape Yacht Club NFT collection plummets over 90% from $600k peak

During the weekend, the NFT market witnessed a sharp decline in the floor prices of Yuga Labs’ Bored Ape Yacht Club and Mutant Ape Yacht Club collections, mirroring the ongoing crash in NFT floor prices. The floor price for Bored Ape Yacht Club dropped from 38 ether ($73,000) on Juse 30 to below 28 ether ($53,500) on July 2 as reported by OpenSea data. An ongoing downward trend In a July 2 tweet, Will Clemente, the co-founder of Reflexivity Research, a digital asset research firm, highlights that the decrease in…

TON blockchain launches on-chain encrypted messaging feature

The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.  TON Foundation Introduces Encrypted Transaction Messageshttps://t.co/HXKtk0gxKC pic.twitter.com/0z1z4E5ku1 — TON (@ton_blockchain) July 3, 2023 TON is a blockchain network forked from code created by the Telegram instant messaging app team. Telegram abandoned the project in July 2020, before a mainnet was ever launched. However, it open-sourced TON’s code before leaving, allowing others to continue building…

Nasdaq Refiles BlackRock’s Bitcoin ETF Application With The SEC

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Nasdaq has refiled BlackRock’s application for a Spot Bitcoin exchange-traded fund (ETF).  The ETF application was previously rejected by the SEC for not providing sufficient details about the crypto product.  The Chicago Board Options Exchange also refiled Fidelity’s rejected Bitcoin ETF application earlier today.  BlackRock’s latest application stated that Coinbase would provide market surveillance as well as BTC custody services. Nasdaq has refiled Wall Street giant BlackRock Inc.’s application for offering a spot Bitcoin exchange-traded fund (ETF). The second largest stock market by market capitalization submitted BlackRock’s BTC ETF application…

Racy Beeple SBF artwork becomes his first to enter museum permanent collection

The Castello di Rivoli Museo d’Artte Contemporanea in Italy has made a significant addition to its permanent collection, marking a milestone in the world of digital art. The museum has acquired its first non-fungible token (NFT) artwork, a provocative piece created and donated by the renowned digital artist Beeple. The artwork, named “FTX Board Meeting, Day #5676 11.13.2022 (2023),” is a unique blend of digital and traditional art forms. It exists both as a one-of-a-kind NFT and an oil painting. The piece, rendered in Beeple’s distinctive hyperreal style, imagines a…

BlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partner

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The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase. According to a June 29 filing with the United States Securities and Exchange Commission, the Nasdaq stock exchange refiled for a proposed rule change allowing the listing of BlackRock’s Bitcoin (BTC) exchange-traded fund. The filing included details of a June 8 agreement between the Nasdaq and Coinbase “intended to supplement the exchange’s market surveillance program” and provide access to data on spot BTC trades. JUST…